Mumbai: 3:00 pm: The market looks moody with investors lapping up stocks in late afternoon trade. The Sensex rises 391.02 points or 2.18 per cent at 18296.93, and the Nifty is up 105 points or 1.98 per cent at 5407.55. About 1163 shares have advanced, 963 shares declined, and 149 shares are unchanged.
Metals (index up 7 per cent), Oil and Gas (up 3 per cent) are taking the market higher with some support from the auto and pharma stocks.
12:35 pm: The market extended gains in afternoon trade with the Sensex rising more than 200 points, helped by short covering in telecom, FMCG, oil and gas, pharma and metals stocks.
The Sensex is up 223.29 points or 1.25 per cent at 18129.20, and the Nifty is up 59.40 points or 1.12 per cent at 5361.95, but the broader markets are flat.
12:25 pm: Federal Bank shares lost over 3.5 per cent after revising interest rates on resident and NRI deposits. For resident deposits, interest rate for band of '60 days to 119 days' has been increased to 8.5 per cent from 7 per cent while for NRI term deposits, for 3 years and above, the bank has increased the rate to 9 per cent from 8.75 percent.
12:15pm: The market remained rangebound in noon trade Thursday as it is looking for new trigger to get direction on either side after getting oversold in last four sessions.
The Sensex is up 70.89 points at 17976.80, and the Nifty is up 13.25 points at 5315.80. Both these benchmarks lost more than 7.5 per cent in last four sessions, but the rupee has not stopped sliding, hitting a record low of 65.56 against the US dollar for the sixth consecutive session.
It is trading at 65.36 per dollar, down 125 paise from previous close.
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